THE CREDIT CRISIS IN TWO ACTS
Sep 22nd, 2008 by Conor McCabe
What is that movie? Boiler Room? That’s what it’s like. I mean, it’s the coolest thing ever. Cubicle, cubicle, cubicle for 150,000 sq.
ft. The ceilings were probably 25 or 30 feet high. The elevator had a big graffiti painting. Big open space. And it was awesome. We lived mortgage. That’s all we did. This deal, that deal. How we gonna get it funded? What’s the problem with this one? That’s all everyone’s talking about.
This American Life has a special program on the background to the current credit crisis. It’s pretty good as well. Unfortunately it’s only available as an iTunes download, or as a live stream. It’s about one hour long. A transcript of the program is available as a pdf here.